Tompkins Financial Corporation $TMP Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Tompkins Financial Corporation (NYSEAMERICAN:TMP) by 34.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,417 shares of the financial services provider’s stock after buying an additional 9,249 shares during the quarter. SG Americas Securities LLC owned 0.25% of Tompkins Financial worth $2,871,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TMP. Adage Capital Partners GP L.L.C. bought a new stake in shares of Tompkins Financial in the fourth quarter worth $4,351,000. Invesco Ltd. grew its holdings in Tompkins Financial by 95.9% during the 2nd quarter. Invesco Ltd. now owns 98,191 shares of the financial services provider’s stock worth $6,160,000 after acquiring an additional 48,064 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Tompkins Financial by 43.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 102,891 shares of the financial services provider’s stock worth $7,462,000 after acquiring an additional 31,171 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Tompkins Financial by 62.3% in the 4th quarter. AQR Capital Management LLC now owns 68,928 shares of the financial services provider’s stock worth $4,999,000 after purchasing an additional 26,457 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Tompkins Financial by 290.9% in the 1st quarter. Jane Street Group LLC now owns 24,706 shares of the financial services provider’s stock worth $1,556,000 after purchasing an additional 18,385 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $87.00 price target (up from $82.00) on shares of Tompkins Financial in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $87.00.

Tompkins Financial Stock Up 1.0%

Shares of NYSEAMERICAN:TMP opened at $94.52 on Wednesday. The company’s fifty day moving average is $87.00 and its two-hundred day moving average is $81.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Tompkins Financial Corporation has a 1-year low of $61.21 and a 1-year high of $94.86. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 8.10 and a beta of 0.75.

Tompkins Financial (NYSEAMERICAN:TMP) last posted its quarterly earnings results on Friday, April 24th. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.71 by $0.11. The business had revenue of $83.69 million during the quarter, compared to analyst estimates of $83.64 million. Tompkins Financial had a net margin of 28.93% and a return on equity of 11.27%. Equities analysts anticipate that Tompkins Financial Corporation will post 7.55 EPS for the current year.

Tompkins Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.68 annualized dividend and a dividend yield of 2.8%. Tompkins Financial’s dividend payout ratio is 54.14%.

Insider Activity at Tompkins Financial

In related news, Director Ita M. Rahilly purchased 1,164 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $85.90 per share, for a total transaction of $99,987.60. Following the transaction, the director owned 11,849 shares of the company’s stock, valued at $1,017,829.10. This trade represents a 10.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.52% of the company’s stock.

About Tompkins Financial

Tompkins Financial (NYSEAMERICAN:TMP) is a bank holding company headquartered in Ithaca, New York, that provides a diversified range of financial services. Through its principal banking subsidiary, Tompkins Trust Company, the firm offers commercial and consumer banking products including checking and savings accounts, mortgage loans, and credit facilities. Beyond traditional banking, Tompkins Financial delivers asset management, trust and estate planning, retirement services and investment advisory solutions.

In addition to its core banking operations, Tompkins Financial operates Tompkins Insurance Agencies, which offers property and casualty, life and health insurance coverages to individuals and businesses.